TRAQIQ, INC. AND SUBSIDIARIES

PROFORMA CONSOLIDATED BALANCE SHEET

SEPTEMBER 30, 2020

	TRAQ			ROHUMA			ADJUSTMENTS					CONSOLIDATED
ASSETS
CURRENT ASSETS
Cash	$	2,606		$	7,225		$	27,052	B			$	36,883
Accounts receivable, net of allowance		531,861			13,412				B		2,064		543,209
Note receivable - related party		203,755			-			24,122	B				227,877
Prepaid expenses and other current assets		276,855			7,593			45,431	B				329,879
Total current assets		1,015,077			28,230			96,605			2,064		1,137,848
Fixed assets, net		37,824			4,799				B		1,451		41,172
Intangible assets, net		452,894			-				B		8,310		444,584
Goodwill								4,405,903	A				4,405,903
Restreicted cash		28,455			-			291	B				28,746
Right-of-use asset		461,175			-				B		335,057		126,118
Long-term investments		40,192			-			411	B				40,603
Other assets		31,521			-				B		28,325		3,196
Total non-current assets		1,052,061			4,799			4,406,605			373,143		5,090,322
TOTAL ASSETS	$	2,067,138		$	33,029		$	4,503,210		$	375,207	$	6,228,170
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES
Current portion of long-term debt	$	165,427		$	7,470		$	38,816	B			$	134,081
Current portion of long-term debt - related parties		1,536,006			-				B		315,572		1,851,578
Current portion of convertible debt - long-term debt		241,334			-				B				241,334
Cash overdraft		273,977			-			30,693	B				243,284
Accounts payable and accrued expenses		1,193,833			60,544			30,328	B				1,224,049
Current portion of lease liabilities		56,955			-			48,176	B				8,779
Accrued payroll		285,907			-				B		39,124		325,031
Accrued taxes and duties payable		86,376			-			39,799	B				46,577
Total current liabilities		3,839,815			68,014			187,812			354,696		4,074,713
NON-CURRENT LIABILITIES
Long-term debt - related parties, net of current portion		32,000			-			32,000	B				-
Lease liabilities - net of current portion		429,870			-			304,651	B				125,219
Long-term debt, net of current portion		100,856			35,776			88,413	B				48,219
Total non-current liabilities		562,726			35,776			425,064			-		173,438
COMMITMENTS AND CONTINGENCIES		-			-			-			-		-
Total liabilities		4,402,541			103,790			612,876			354,696		4,248,151
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred Stock		5			-								5
Common Stock		2,730			-				A		429		3,159
Additional paid-in-capital		12,623			297,612				B		105,563		4,452,899
								297,612	A
									A		4,334,713
Accumulated other comprehenive income (loss)		(14,715	)		-				B		9,005		(5,710	)
Accumulated deficit		(2,336,046	)		(368,373	)			A		368,373		(2,470,334	)
								134,288	B
Total stockholders’ equity (deficit)		(2,335,403	)		(70,761	)		431,900			4,818,083		1,980,019
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	2,067,138		$	33,029		$	1,044,776		$	5,172,779	$	6,228,170

Adjustment Notes

A	Represents the issuance of 4,292,220 shares for the acquisition of Rohuma on January 22, 2021 (value per share was $1.01 per share on Janaury 22, 2021)
B	Represents estimated change in value of assets and liabilities through January 22, 2021 from September 30, 2020.

TRAQIQ, INC. AND SUBSIDIARIES

PROFORMA STATEMENTS OF OPERATIONS

Nine Months Ended September 30, 2020

	TRAQ			ROHUMA			ADJUSTMENTS				CONSOLIDATED
REVENUES
Revenue from services	$	739,177		$	176,028						$	915,205
		739,177			176,028							915,205
COST OF REVENUES
Cost of services		399,720			79,691							479,411
		399,720			79,691							479,411
GROSS PROFIT		339,457			96,337							435,794
OPERATING EXPENSES:
Salaries and salary related costs		180,123			80,564							260,687
Professional fees and consulting		138,817			30,449							169,266
General and administrative		89,373			24,910							114,283
Depreciation and amortization		36,284			2,747							39,031
Rent		95,151			1,035				B	70,000		26,186
Total operating expenses		539,748			139,705							609,453
Gain (Loss) from operations		(200,291	)		(43,368	)						(173,659	)
OTHER EXPENSE:
Other income (loss)		10,000			-			25,000	B			35,000
Interest expense, net of interest income		(247,162	)		(1,592	)						(248,754	)
Other income (expense), net		(237,162	)		(1,592	)						(213,754	)
Loss from before provision for income taxes		(437,453	)		(44,960	)						(422,413	)
PROVISION FOR INCOME TAXES		(1,609	)		-							(1,609	)
NET LOSS	$	(439,062	)	$	(44,960	)					$	(424,022	)
NET LOSS PER SHARE
Basic	$	(0.02	)		N/A						$	(0.01	)
Diluted	$	(0.02	)		N/A						$	(0.01	)
SHARES USED IN CALCULATION OF NET LOSS PER SHARE
Basic		27,297,960							A	4,292,220		31,590,180
Diluted		27,297,960							A	4,292,220		31,590,180

Adjustment Notes

A	Represents the issuance of 4,292,220 shares for the acquisition of Rohuma on January 22, 2021 (value per share was $1.01 per share on Janaury 22, 2021)
B	Represents estimated change in value of based on events occuring subsequent to September 30, 2020

TRAQIQ, INC. AND SUBSIDIARIES

PROFORMA STATEMENTS OF OPERATIONS

Year Ended December 31, 2019

	TRAQ			ROHUMA			ADJUSTMENTS		CONSOLIDATED
REVENUES
Revenue from services	$	680,732		$	228,632				$	909,364
		680,732			228,632					909,364
COST OF REVENUES
Cost of services		431,363			88,776					520,139
		431,363			88,776					520,139
GROSS PROFIT		249,369			139,856					389,225
OPERATING EXPENSES:
Salaries and salary related costs		114,615			196,336					310,951
Professional fees and consulting		287,775			13,785					301,560
General and administrative		160,919			34,573					195,492
Depreciation and amortization		42,840			331					43,171
Rent		88,863			14,437		B	60,000		43,300
Total operating expenses		695,012			259,462					894,474
Loss from operations		(445,643	)		(119,606	)				(505,249	)
OTHER INCOME (EXPENSE):
Bargain purchase gain		417,148			-		B	417,148		-
Forgiveness of debt		55,450			-					55,450
Interest expense, net of interest income		(250,164	)		-					(250,164	)
Other income (expense), net		222,434			-					(194,714	)
Loss from before provision for income taxes		(223,209	)		(119,606	)				(699,963	)
PROVISION FOR INCOME TAXES		-			-					-
NET LOSS	$	(223,209	)	$	(119,606	)			$	(699,963	)
NET LOSS PER SHARE
Basic	$	(0.01	)		N/A				$	(0.02	)
Diluted	$	(0.01	)		N/A				$	(0.02	)
SHARES USED IN CALCULATION OF NET LOSS PER SHARE
Basic		27,297,960					A	4,292,220		31,590,180
Diluted		27,297,960					A	4,292,220		31,590,180

Adjustment Notes

A	Represents the issuance of 4,292,220 shares for the acquisition of Rohuma on January 22, 2021 (value per share was $1.01 per share on Janaury 22, 2021)
B	Represents estimated change in value of based on events occuring subsequent to September 30, 2020